Day: May 7, 2020

A study by Rand Corporation unveiled that people using Zcash for illicit or criminal purposes in the dark web may not fully understand the underlying technology. According to the 65-page report published on May 7, the US-based think tank and government contractor highlighted that criminals have doubts regarding the anonymity offered by Zcash. The research highlights that the governance of Zcash and its branding as compliant with AML/CFT regulations may make it less susceptible to exploitation for illicit or criminal purposes. However, there is one aspect that the study reveals…

In a May 7 post, Telegram founder, Pavel Durov, calls the U.S. a “police state” and discourages entrepreneurs from moving their businesses to Silicon Valley. Perhaps exhausted by the legal battles around Telegram’s beleaguered token offering, Durov, berates the U.S. in his latest post “7 Reasons Not To Move To The [Silicon] Valley”. In the post, he criticizes it both as a place to do business and a place to live. The post was only announced in Durov’s Russian language Telegram channel and is published in Russian. Telegram was pressured…

On May 7, the decentralized finance (defi) startup General Protocols revealed the team has raised over $1 million from investors. The creators of General Protocols have introduced innovative projects on the Bitcoin Cash network such as Anyhedge, and have also participated in helping forward the Bitcoin Cash Node (BCHN) project and Flipstarter.cash. The BCH community was pleased to hear that a startup dedicated to the Bitcoin Cash blockchain and decentralized finance (defi) has raised $1 million this week. The company called, General Protocols, is behind the Anyhedge project which is…

Amid the ongoing coronavirus pandemic, inflation is collapsing all over the world. In order to hedge against the inflation risks, some billionaire investors are buying Bitcoin (BTC). Paul Tudor Jones, the billionaire founder of hedge fund, Tudor Investment Corporation, reportedly revealed that Bitcoin is part of his portfolio. “If I am forced to forecast, my bet is it will be Bitcoin.” According to a May 7 report by Bloomberg, Jones is buying Bitcoin to protect his investments from the inflation coming from the money-printing by central banks. In a market…

The price of bitcoin continues its rise ahead of next week’s anticipated halving. That event is trending as a topic on social media, even as few appear to be considering what may happen after it’s over. At press time bitcoin (BTC) was trading up 6.5% over 24 hours, currently at $9,882. It’s been on a run upward on high volume since 12:00 UTC (8 a.m. ET), moving from $9,270 during that time to as high as $9,971 on spot exchanges like Coinbase. Bitcoin trading on Coinbase since May 5Source: TradingView…

Although coronavirus conditions have created global economic difficulties, cryptocurrencies could see growth amid the struggle, according to one blockchain incubator’s head. “Short-term: digital currencies suddenly look appealing,” Polyient Labs CEO Brad Robertson told Cryptox in a May 1 email. “If someone only looked back at the last two weeks, they might think ‘cryptocurrencies are back, baby,’” he added. Bitcoin has rebounded faster than mainstream markets Bitcon crashed in tandem with mainstream markets on March 12 amid rising coronavirus fears. Both sectors have since recovered, although Bitcoin sprung back to life more…

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On a recent trip to Singapore I meet up with a number of friends who are in the Bitcoin and Blockchain space. It was just before social distancing began so we enjoyed our last chance to share a beer and discuss where Bitcoin Crypto and Blockchain is at in our eyes and how things might shape up in the future especially in these difficult times caused by the Covid 19 outbreak. The guys also discuss what they are investing in and why.…

How does Bitcoin’s block halving work on an engineering level? We explain with help from Andreas Antonopoulos. In a recent video, Antonopoulos explained the Bitcoin Core code that controls the halving of the Bitcoin (BTC) block reward in detail. Bitcoin halving code. Source: Bitcoin Core Software. Line by line explanation Every time a Bitcoin block is evaluated or a new block is mined, the function GetBlockSubsidy gets called. Its purpose is to calculate the appropriate size of the block reward. Line 1240 evaluates the halving cycle and divides the current…

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